(Reuters) - U.S. regulators on Thursday killed the politically sensitive sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying a lack of information on the would-be buyers threatened the ability to properly monitor the exchange after the deal.Read Full Article →

(Reuters) - Puerto Rico Governor Ricardo Rossello said on Thursday that he expects the bankrupt island's oversight board to certify his revised fiscal plan in "the next couple of days."Read Full Article →

(Reuters) - A little-noticed addition to the U.S. budget deal approved last week will help Occidental Petroleum Corp and other oil producers by more than tripling a tax credit for injecting carbon dioxide back into the earth to increase crude output.Read Full Article →

(Reuters) - Caterpillar Inc said on Thursday it was vigorously contesting the $2.3 billion tax and penalties for certain years proposed by the U.S. Internal Revenue Service and that the case would not have a material impact on its finances and operations.Read Full Article →

The FASB updated U.S. GAAP to alleviate concerns from banks and insurance companies about the accounting implications of the Tax Cuts and Jobs Act. The final amendment is optional for companies to apply.Read Full Article →